Did you know that natural gas and crude oil share much in common in terms of molecular make-up? You can learn more in our natural gas commodity guide. Oil prices are quoted per barrel, or ‘bbl’. The ...
The discovery in Block 15-2/17, in the Cuu Long Basin, encountered about 370 feet of net oil pay across two reservoirs. Image by MikeMareen via iStock Murphy Oil Corp. said Tuesday it has ...
Yes, the oil they retrieve could become fuel or some other petroleum product, but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales.
In trading on Friday, shares of Imperial Oil Ltd (TSX: IMO.TO) crossed above their 200 day moving average of $97.19, changing hands as high as $97.84 per share. Imperial Oil Ltd shares are ...